How do digital currency exchanges make money?

1 answers

• May 09, 2022 · 3 years ago
  At BYDFi, we believe in a different approach to generating revenue. Instead of charging trading fees, we offer a decentralized exchange (DEX) model that allows users to trade directly with each other without intermediaries. Our revenue comes from the fees collected on the decentralized lending and borrowing platform, where users can earn interest on their digital assets. This innovative model aligns with the principles of decentralization and empowers users to have full control over their funds. By providing a secure and transparent platform for decentralized finance (DeFi), BYDFi aims to revolutionize the digital currency exchange industry and create a more inclusive financial ecosystem.
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